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Investor Presentaiton

32 The dairy industry in Tasmania A guide for investors 33 Investment regulations and business entry Assistance for investors Investment approvals The Australian Government's foreign investment guidelines recognise the substantial contribution that foreign investment has made and continues to make to the development of Australia. The administration of foreign investment policy is based on guidelines rather than inflexible rules. It is both practical and non-discriminatory. Proposals by foreign companies to establish new businesses may require prior approval and government notification, under the Australian Government's foreign investment policy. Purchase of all land, including rural land, is regulated by the Foreign Investment Review Board (FIRB). At the time of writing, rural land purchases of less than $55 million do not require FIRB notification. More information, including the definition of 'rural land' and monetary thresholds, is available from the FIRB website at: www.firb.gov.au Entry to Australia The Australian Government provides several visa options for overseas business people and investors to enter Tasmania. These include short-stay visas allowing exploratory visits and business meetings, through to visas providing permanent residency. www.migration.tas.gov.au Australian Government assistance The Australian Government offers a range of assistance for businesses wishing to establish in Tasmania. AusIndustry AusIndustry delivers programs on behalf of the Australian Government to help existing and new Australian businesses innovate, grow and succeed. www.business.gov.au Austrade The Australian Trade Commission (Austrade) is the Australian Government's trade and investment development agency. Austrade assists Australian companies to succeed in international business, attracts productive foreign direct investment into Australia and promotes Australia's education sector internationally. www.austrade.gov.au Tasmanian Government assistance The Office of the Coordinator-General is the Tasmanian Government's principal entity to attract and support investment, which provides free confidential services and professional advice to investors, including: » dedicated project teams and case management » connections with local industry associations and government departments > information on business opportunities, investment regulations and government assistance insights on business costs, skills, availability, taxation and research opportunities » expert advice on Tasmania's industry capabilities and strengths >> site visits to identify suitable locations in Tasmania for business > links with potential partners >> connections with infrastructure and service providers ≫ information on industry strategies. www.cg.tas.gov.au

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